Designing a market-based scheme to address international aviation emissions through carbon offsetting
The global market-based mechanism (MBM) under development at ICAO aims at achieving carbon-neutral growth of international aviation through emission reductions combined with offsetting. This means that if international aviation CO2 emissions are above the 2020 level (the target), the difference between actual emissions and the target will need to be offset. While this would be a collective responsibility of the sector, different entities could be made responsible for parts of the collective obligation. Rules should be designed in a way that the covered entities are also incentivised to further reduce their emissions.
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